Currency Strength Survey

The production of petroleum products is a major sector in Venezuela's economy and it accounts for roughly a third of GDP and 80% of exports. Venezuela also mines and exports large quantities of gold, diamonds and iron ore. Venezuela contains some of the largest oil and natural gas reserves in the world. Manufacturing is a major industry of Venezuela and it accounts for approximately 17% of GDP. Steel, transport equipment, apparel, aluminum, beverages, textiles, and foodstuffs are some of the products that Venezuela manufactures. It also produces cement, tires, paper, fertilizer, and assembles cars both for domestic and export markets.

Venezuela (VEF) has a mixed economy dominated by the petroleum sector, but with a moderate service and industrial base to slightly diversify economic growth. Venezuela's Fundamental Currency Analysis (short term investment): Venezuela’s currency is overvalued on a global basis. Venezuela's Value Investor Survey (short term investment): the economic environment is very unfavorable for long term economic growth due to low scores on economic freedom, diversity, and the SWOT analysis. SWOT Analysis of Venezuela: The leading strength is Venezuela’s participation in OPEC, the international oil cartel. Government nationalizations, crime and corruption are major SWOT weaknesses. Venezuela's Currency Trading Strategy: A overvalued currency, low investment flow potential and very unfavorable business environment lead to a strongly negative outlook for Venezuela.

Full Description of Venezuela

What is a SWOT Analysis? WikiWealth's free SWOT evaluates the strengths, weaknesses, opportunities, and threats of an investment in the country of Venezuela or a forex (FX) investment in its currency the Fuerte (VEF). WikiWealth uses this research to identify the qualitative factors that contribute to economic growth and forex (FX) gains. Strengths and opportunities lead to positive economic growth, which leads to currency strengthening and an improve foreign exchange rate; the opposite is also true.

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